DGS Capital Management LLC Makes New Investment in The Allstate Corporation $ALL

DGS Capital Management LLC bought a new position in shares of The Allstate Corporation (NYSE:ALL) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,010 shares of the insurance provider’s stock, valued at approximately $624,000.

A number of other institutional investors have also recently modified their holdings of the business. South Plains Financial Inc. raised its holdings in Allstate by 41.5% in the 3rd quarter. South Plains Financial Inc. now owns 167 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 49 shares during the period. Coldstream Capital Management Inc. grew its holdings in Allstate by 0.6% in the fourth quarter. Coldstream Capital Management Inc. now owns 7,809 shares of the insurance provider’s stock valued at $1,625,000 after purchasing an additional 50 shares during the period. Compound Planning Inc. grew its holdings in Allstate by 1.6% in the fourth quarter. Compound Planning Inc. now owns 3,216 shares of the insurance provider’s stock valued at $669,000 after purchasing an additional 50 shares during the period. Humankind Investments LLC increased its position in shares of Allstate by 4.5% in the third quarter. Humankind Investments LLC now owns 1,191 shares of the insurance provider’s stock valued at $256,000 after buying an additional 51 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Allstate by 0.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 5,815 shares of the insurance provider’s stock valued at $1,210,000 after buying an additional 52 shares in the last quarter. 76.47% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allstate

In related news, COO Mario Rizzo sold 18,578 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $218.80, for a total value of $4,064,866.40. Following the completion of the sale, the chief operating officer owned 82,227 shares of the company’s stock, valued at approximately $17,991,267.60. This trade represents a 18.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Q. Prindiville sold 1,550 shares of Allstate stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $216.27, for a total value of $335,218.50. Following the transaction, the insider owned 27,558 shares in the company, valued at approximately $5,959,968.66. The trade was a 5.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 22,353 shares of company stock worth $4,851,560 in the last ninety days. Insiders own 1.55% of the company’s stock.

Allstate Trading Down 0.7%

Shares of ALL opened at $248.46 on Tuesday. The Allstate Corporation has a 52-week low of $188.08 and a 52-week high of $250.38. The stock has a market cap of $63.96 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 0.44 and a beta of 0.16. The firm’s fifty day moving average is $220.59 and its two-hundred day moving average is $211.53. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.25.

Allstate (NYSE:ALL) last issued its earnings results on Wednesday, April 29th. The insurance provider reported $10.65 EPS for the quarter, beating analysts’ consensus estimates of $7.31 by $3.34. The business had revenue of $16.94 billion during the quarter, compared to analysts’ expectations of $15.24 billion. Allstate had a net margin of 17.81% and a return on equity of 42.66%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $3.53 earnings per share. Research analysts forecast that The Allstate Corporation will post 29.75 earnings per share for the current fiscal year.

Allstate Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Monday, June 1st. Allstate’s dividend payout ratio (DPR) is 9.53%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ALL shares. Keefe, Bruyette & Woods cut shares of Allstate from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $266.00 to $242.00 in a research note on Monday, June 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Allstate in a report on Thursday, May 28th. Barclays boosted their target price on shares of Allstate from $203.00 to $213.00 and gave the stock an “underweight” rating in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of Allstate from $229.00 to $243.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Allstate from a “hold” rating to a “buy” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $245.26.

Allstate Profile

Allstate Corporation is a publicly traded insurance company headquartered in Northbrook, Illinois, and is one of the largest personal lines property and casualty insurers in the United States. Founded in 1931 as a subsidiary of Sears, Roebuck and Co, Allstate has grown into a diversified insurer that serves millions of consumers and businesses through a mix of distribution channels and product offerings.

The company underwrites a broad range of insurance products, with primary emphasis on auto and homeowners coverage.